In this paper, we develop and estimate a model of retirement and savings incorporating limited borrowing, stochastic … Health and Retirement Study (HRS), for whom we would expect social security income to be of particular importance. The … and normal retirement ages …

decisions as well as novel mechanisms governing these trade-offs. Using data from the Health and Retirement Study and the …-cycle model of consumption, savings, labor supply, and Social Security application decisions as well as heterogeneity in education … Security benefits prior to their normal retirement age, despite large penalties associated with these early benefit claims. We …

This paper develops and estimates a dynamic model of individuals' and couples' labor supply, savings, and retirement … increasing women's retirement age to be equal to men's …

the effect of the reform on the savings and retirement expectations and realizations of two virtually identical male … of workers born in 1950 or later. At the same time, a tax-facilitated savings plan was introduced that implied a large … savings subsidy for all workers, irrespective of birth year. This paper uses linked administrative and survey data to assess …